Fas Real Estate Development Company Ltd
10168740
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
group
Next accounts due
24/09/2026
Confirmation statement
Last: 07/05/2025
Due 21/05/2026
Industry
Officers
director · Since 07/05/2016
BUSINESSMAN
SAUDI ARABIAN · SAUDI ARABIA · Age 57
director · Since 07/05/2016
BUSINESSMAN
SAUDI ARABIAN · SAUDI ARABIA · Age 61
director · Since 07/05/2016
BUSINESSMAN
SAUDI ARABIAN · SAUDI ARABIA · Age 58
Also on 1 other board
director · Since 23/11/2017
ENGINEER
AMERICAN · SAUDI ARABIA · Age 60
Also on 1 other board
Persons with Significant Control
Abdulmajid Abdulaziz Fahad Alhokair
Saudi Arabian · Saudi Arabia · Age 57
Alhokair Palace, Al Badia, Riyadh, 11411
Notified 07/05/2016
Salman Abdulaziz Fahad Alhokair
Saudi Arabian · Saudi Arabia · Age 58
Alhokair Palace, Al Badia, Riyadh, 11411
Notified 07/05/2016
Fawaz Abdulaziz Fahad Alhokair
Saudi Arabian · Saudi Arabia · Age 61
Alhokair Palace, Al Badia, Riyadh, 11333
Notified 07/05/2016
CompanyRankvs 23308+ SIC 68310 peers19
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going c
Key FinancialsYear ending 31/12/2023
Net Worth
-£23.3M
Balance sheet strength
Cash
£190k
Cash in the bank
Net Current Assets
-£68.1M
Working capital
Current Assets
£294k
Current Liabilities
£68.4M
Fixed Assets
£44.8M
Debtors
£103k
Profit After Tax
-£7k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.00 | -£7k |
| 2022 | 0.01 | -£35k |
| 2021 | 0.04 | -£1.5M |
| 2020 | 0.06 | — |
Derived from filed accounts. Not audited figures.